Oil Market Update (July 23, 2012)
Oil plunged Monday on concern that Europe’s sovereign-debt crisis is worsening and a Chinese central-bank adviser suggested that the country’s economic expansion may slow further.
Oil plunged Monday on concern that Europe’s sovereign-debt crisis is worsening and a Chinese central-bank adviser suggested that the country’s economic expansion may slow further.
Primary Petroleum Corporation (CVE:PIE) reports that its land acquisition strategy continues to add key acreage to its Western Montana Alberta Basin Bakken Fairway. In Primary’s ongoing technical evaluation and review of this Western Montana Bakken Fairway and the area of interest that surrounds and is in close proximity to Primary’s current land holdings, it has accumulated [...]
American Petro-Hunter, Inc. (OTC:AAPH) reports the July oil production from the #1 and #3 Lutters wells at the Postons project, Trego County, Kansas. Management and engineers believe that oil production rates from the Postons project will reach the 100 BPD range once the #3 Lutters well reaches stable production. American Petro-Hunter’s President, Robert McIntosh says: “With the [...]
Get our independent commentary on oil trends and companies delivered to your inbox.